Answer: $12,000
Explanation:
The question makes no sense in one area. The loss probability for $0 cannot be 90% because the other two are collectively 20%. I shall therefore assume that the loss probability for $0 is 80% so that they add up to 100%.
Expected claim cost = ∑[loss probability * (Loss - Deductible)]
= 0.9 * 0 + [0.15 * (10,000 - 10,000)] + [0.05 * (250,000 - 10,000)]
= $12,000
Buy a tripod that he can set his camera on to avoid shaky images. If the problem still continues, he should visit a technician to help him figure out what to do.
Answer:
The administrator should consider the App's ability to enable the user to scan and attach receipts with the expense reports.
Explanation:
The App for Salesforce Mobile should be enabled to scan and attach receipts with the expense reports in order to meet the user's requirements. The easiness of the Mobile App achieving this functionality is very important. Once users were not always able to easily implement this functionality in the App, then it would not be considered user-friendly. The scanning should be as simple as taking a shot with the phone's camera.
Answer:
On October 15
Travel expense $39
Delivery Expense $138
Office expense $214
Petty cash ($1000 - $400) $600
Cash over and short ($400 - $39 - $138 - $214 - $16) $7
To Cash $984
(Being the replenishment of the petty cash fund is recorded)
Explanation:
The journal entry is shown below:
On October 15
Travel expense $39
Delivery Expense $138
Office expense $214
Petty cash ($1000 - $400) $600
Cash over and short ($400 - $39 - $138 - $214 - $16) $7
To Cash $984
(Being the replenishment of the petty cash fund is recorded)
For recording this journal entry we debited the all expenses incurred plus the petty cash is also debited and cash is credited and the remaining balance is transferred to the cash over and short
Answer:
The amount of gain or loss that DUNN should report is $0.
Explanation:
Here we have to take out what would be the gain or loss for Dunn when he sells the stock given to him as a gift by his grandparents. Here we have to clear out what would be the Dunn basis for gain or loss, so that we can tell whether he earned a gain or loss.
For Dunn to take out the basis for gain would be similar to the donors ( in this case his grandparents ) basis for gain which is $32,000 AND Dunn has sold the stock for $29,000, so he definitely hasn't made the gain.
For Dunn to take out the basis for loss , he will suffer loss when if the amount at which he sells the stock is less than the amount which was at the date of transfer of stock $27,000, and as it is given he sells the stock at $29,000 , which is more than $27,000, so he definitely hasn't suffered loss also.
Thus we can say that he has neither suffered loss nor earn a gain.
